Forced arbitration procedures tend to the employer`s advantage. It allows a company that violates workers` protection legislation to continue to do so without holding them accountable for these violations, especially since employees who have signed such agreements avoid filing claims for fear of losing their jobs or certain benefits. Arbitration generally sets the limits to discovery, which is the information each party can obtain from the other. The employer often has most of the information relating to the worker`s case, but is not required to share it beyond the specified limits. Discovery may contain information: What do you think of arbitration agreements? Leave a comment. One-shot players in consumer contract disputes are often at a numerical disadvantage in arbitration proceedings, as they may lack the experience and resources to mount a strong argument. If you are in dispute with your mobile phone company about a late payment, for example, you could also be the underdog in any arbitration that followed. If you opt for a separate arbitration agreement outside of the above documents, you must choose a few other elements, including the full name and address of both parties, the nature of the relationship between the two parties, if there is currently a dispute between the two parties at the time of signing, where the arbitration must take place (such as the specific state) , the validity date if it differs from the signing date, and all the other specific details you want to include. An arbitration agreement should not be a long and complicated legal document, but it must include these fundamental elements, so that if there is a conflict one day, there is no question about how it will be dealt with and what the process will be.
Something to note is that with arbitration, the majority of agreements are binding and you cannot go to court to resolve the dispute just because you didn`t like the result. In addition, arbitration makes it possible to make more creative decisions than civil courts can adopt. For example, if you sue your former employer for unlawful dismissal, the court can only award you criminal damages, according to Cole and Blankley.